Even the best-run companies occasionally trip, and that's likely the most important take-away from Old Dominion's (ODFL)
fourth quarter results. While it was disappointing to see the company's
operating ratio reverse for the first time in three years, nothing
about what has made Old Dominion one of the best in the
less-than-truckload (LTL) business has changed. Although trucking
companies don't have the best reputations when it comes to free cash
flow generation or returns on capital, I believe that Old Dominion is,
and will be, the notable exception, and that this uncommon earnings miss
could offer a narrow window of opportunity.
Read the complete article at Seeking Alpha:
A Stumble In Tonnage May Be An Opportunity At Old Dominion
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